The epigenetics market is projected to reach $1,605.7 million by 2022, at a CAGR of 13.5%

What are the Global Growth Factors?

The growth in Epigenetics Technology Market is primarily attributed to decreasing sequencing costs, increasing research activity, funding for epigenetics research, rising prevalence of cancer and growing applications of epigenetics in non-oncology diseases. Expanding application areas of epigenetics in non-oncology diseases, personalized medicine, and target therapy are expected to provide growth opportunities for players operating in the epigenetics market in the coming years.

Kits Segment Accounted for the Largest Share of the Global Market, by Product

On the basis of product, the kits segment accounted for the largest share of the global epigenetics market in 2016. This can be attributed to the fact that a large number of kits are used in various epigenetic techniques. The rising prevalence of a number of diseases, increasing R&D spending, and increased government funding for life science research are the other factors expected to support market growth.

Among the Application Segments, Oncology Dominated the Global Epigenetics Market in 2016

Based on application, the oncology segment accounted for the largest share of the epigenetics market in 2016. The large share of this segment can be attributed to the rising prevalence of cancer and the increasing number of research-related activities.

North America accounted for the largest share of the epigenetics market in 2016, followed by Europe. Increase in epigenetics research activities, favorable government funding initiatives, high R&D expenditure, rising incidence of various diseases, and the presence of key players in the region are the key factors driving the growth of the epigenetics market in North America.